5/04/2010 @ 6:15PM

In Pictures: 13 Tips To Make An IRA Last Longer

Non-Spouse Heirs Must Take Yearly Payouts

Generally non-spousal IRA heirs must withdraw a minimum amount each year, starting by Dec. 31 of the year after they inherit an IRA, whether it’s a traditional IRA or a Roth (the rules for spouses are more lenient). To calculate this required minimum distribution, you take the balance on Dec. 31 of the previous year and divide it by the individual’s life expectancy, as listed in the IRS’ “Single Life Expectancy” table.